I am new to investing, and was just wondering how important is it for investors to learn technical analysis when evaluating stocks, and what specific benefits does understanding technical analysis offer in making informed investment decisions?
If everyone could learn how stock pattern works, wouldn’t everyone just be rich, obviously no one can predict everything, but if learning the chart pattern is useful why wouldn’t everyone do it to buy/sell?
In: Economics
Note: you asked a question that has a lot of emotional energy from all sides.
If you are going to study an actual *stock investor*, as opposed to a slot machine player (AKA technical trader), read up on [Warren Buffet](https://en.wikipedia.org/wiki/Warren_Buffett) and his investing philosophy. The man is a legend in the buy-and-hold-forever investing community. He doesn’t just buy anything, only to dump it by the end of the day/week/month/year, he buys stocks of companies *that make sense*.
He has said more than once that his trust is set up to put his wife’s money (assuming she survives him) in an S&P 500 index fund (e.g. [Fidelity 500 Index Fund](https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/315911750)) and leave it there. Short-term you might be able to do better, long-term probably not.
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